Trump calls for replacement of Obamacare

Image
AP Washington
Last Updated : Feb 27 2017 | 10:57 PM IST
President Donald Trump warned today that the nation's health care system was in danger of imploding and said Congress must make fundamental changes to the sweeping health law passed by his predecessor.
Trump said at a White House meeting with dozens of governors that he hoped to overhaul the American tax system but that was a "tiny little ant" compared to what he would need to do to remake the so-called Obamacare law.
The president's first major meeting with governors comes as Congress prepares to move forward on a repeal and replacement of the health care law, one of Trump's main campaign promises.
Governors have raised concerns that the changes could undermine their efforts to expand Medicaid in their states and leaving them stuck with ballooning payments.
Trump met later today morning with health insurance executives, some of whom are worried that the uncertainty over the health care law's future is spilling into the marketplace.
Without offering specific details about what he wants in a replacement package, Trump said the current health insurance market is "going to absolutely implode" and called on the executives to work with the government on a way forward.
"We must work together to save Americans from Obamacare," he said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 27 2017 | 10:57 PM IST

Next Story